Bloomberg reports:

Insiders including Meta Platforms Inc.’s Mark Zuckerberg, Oracle Corp.’s Safra Catz and JPMorgan Chase & Co.’s Jamie Dimon cashed out shares worth billions of dollars before President Donald Trump’s tariff announcements roiled markets.

Zuckerberg sold 1.1 million shares worth $733 million in the first quarter through his Chan Zuckerberg Initiative and its related foundation, according to an analysis by the Washington Service, which tracks insider buying and selling. All of the sales were in January and February when Meta’s stock was still trading above $600, hitting a peak of more than $736 on Valentine’s Day. The social-media company’s share price has since slid by 32% amid the broader market selloff.

Another top seller was Catz, Oracle’s chief executive officer, who unloaded 3.8 million shares worth $705 million before the tech giant’s stock fell more than 30%. Those proceeds, combined with her remaining stake and investment portfolio, give her a fortune of $2.4 billion, according to Bloomberg Billionaires Index, which is valuing her net worth for the first time.

Dimon, CEO of the largest US bank, sold about $234 million of stock during the quarter. He has a net worth of $3 billion, according to Bloomberg’s wealth index. [Continue reading…]